What is a 'professional client'? Definition & meaning

More terms

OEIC

Unique to the UK, these funds pool together money to invest from multiple investors.

Quantitative easing

Find out what quantitative easing is and how central banks use this monetary measure to encourage economic growth.

Spot Rate

The currency exchange rate a bank quotes, valid with immediate effect.

Bond

Learn what a bond is

Free Trade

The other free trade. International trade in which countries allow goods to flow across their borders without imposing import or export taxes.

Accrued interest

The interest earned on a gilt since the last dividend date. When buying a gilt, the buyer pays the accrued interest at the time of a transaction to the seller in addition to the clean price of the gilt

Bull market

We explain what a 'bull market' means

Conventional gilts

Gilts where the dividends and principal repayments are fixed in nominal terms. This is as opposed to an index-linked gilt where the dividends and principal repayments are related to movements in the Retail Prices Index (RPI).

Securities

Bonds and stocks.

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Professional Client